Rotation Continues to Defensive Sectors

Sector Alert

IT SEEMS THAT THE MARKET is dropping bombs on investors' heads almost daily. Last month, General Motors gapped down big time on some bad earnings news. The stock, however, had been falling for well over a year after peaking north of 55. It is around 26 today so the chart has been looking ugly for quite some time.

Last week, Big Blue (IBM) was spanked for a huge loss on earnings problems. But like its Dow Jones Industrial Average peer...